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I found a 180 loophole to income-based repayment schemes
| orchid house-broken principal's office | 03/14/19 |
| Milky Site | 03/14/19 |
| orchid house-broken principal's office | 03/14/19 |
| Milky Site | 03/14/19 |
| Crusty trust fund | 06/24/19 |
| Turquoise twinkling uncleanness | 06/25/19 |
| Citrine casino chad | 06/25/19 |
| orchid house-broken principal's office | 04/22/19 |
| Learning disabled rigpig state | 06/24/19 |
| laughsome fortuitous meteor foreskin | 06/24/19 |
| orchid house-broken principal's office | 06/25/19 |
| Vivacious nowag pit | 06/24/19 |
| violet toilet seat | 06/24/19 |
| Learning disabled rigpig state | 06/24/19 |
| laughsome fortuitous meteor foreskin | 06/24/19 |
| Vivacious nowag pit | 06/24/19 |
| laughsome fortuitous meteor foreskin | 06/24/19 |
| Learning disabled rigpig state | 06/24/19 |
| orchid house-broken principal's office | 06/25/19 |
| Tripping gunner school cafeteria | 07/28/19 |
| Citrine casino chad | 06/25/19 |
| smoky immigrant | 06/24/19 |
| Vivacious nowag pit | 06/24/19 |
| smoky immigrant | 06/24/19 |
| Fluffy Parlor Doctorate | 06/24/19 |
| Free-loading water buffalo orchestra pit | 06/24/19 |
| orchid house-broken principal's office | 06/25/19 |
| thriller people who are hurt yarmulke | 06/24/19 |
| Henna Depressive | 06/24/19 |
| bonkers national security agency public bath | 06/24/19 |
| Learning disabled rigpig state | 06/25/19 |
| Turquoise twinkling uncleanness | 06/25/19 |
| Dun Vigorous Jap | 06/25/19 |
| orchid house-broken principal's office | 07/28/19 |
| Marvelous bawdyhouse internal respiration | 07/28/19 |
Poast new message in this thread
Date: March 14th, 2019 8:49 PM Author: orchid house-broken principal's office tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income
The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.
What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.
This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan. |
Date: March 14th, 2019 8:50 PM Author: Milky Site LJL at proles who have to repay loans. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659) |
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Date: March 14th, 2019 8:51 PM Author: orchid house-broken principal's office Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664) |
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Date: March 14th, 2019 8:52 PM Author: Milky Site (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669) |
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Date: June 24th, 2019 10:35 PM Author: Crusty trust fund (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257) |
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Date: June 25th, 2019 11:26 AM Author: Turquoise twinkling uncleanness (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252) |
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Date: June 25th, 2019 11:41 AM Author: Citrine casino chad (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328) |
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Date: April 22nd, 2019 7:50 PM Author: orchid house-broken principal's office Elizabeth Warren bump (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710) |
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Date: June 24th, 2019 9:52 PM Author: Learning disabled rigpig state So fraud. Would bet the house you're Jewish (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038) |
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Date: June 24th, 2019 9:54 PM Author: laughsome fortuitous meteor foreskin the entire system is fraud on multiple levels (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041) |
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Date: June 25th, 2019 11:39 AM Author: orchid house-broken principal's office (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321) |
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Date: June 24th, 2019 9:57 PM Author: Vivacious nowag pit it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049) |
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Date: June 24th, 2019 10:15 PM Author: violet toilet seat (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145) |
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Date: June 24th, 2019 10:16 PM Author: Learning disabled rigpig state He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159) |
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Date: June 24th, 2019 10:26 PM Author: laughsome fortuitous meteor foreskin OY VEY PAY UP UR SHEKELS! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215) |
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Date: June 24th, 2019 10:27 PM Author: Vivacious nowag pit jews being jews doesn't justify fraud. have some integrity. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222) |
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Date: June 24th, 2019 10:27 PM Author: laughsome fortuitous meteor foreskin OY VEY ITS ANNODAH SHOAH! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226) |
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Date: June 24th, 2019 10:32 PM Author: Learning disabled rigpig state https://www.google.com/amp/s/amp.app.com/amp/740083002
Loophole or nah? |
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Date: June 25th, 2019 2:09 PM Author: orchid house-broken principal's office (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246) |
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Date: July 28th, 2019 4:27 PM Author: Tripping gunner school cafeteria (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731) |
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Date: June 25th, 2019 11:41 AM Author: Citrine casino chad (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336) |
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Date: June 24th, 2019 10:29 PM Author: smoky immigrant What is the largest percent that is immaterial friend? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238) |
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Date: June 24th, 2019 10:37 PM Author: Vivacious nowag pit (110 iq redditor asking "but where do we draw the line?") (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274) |
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Date: June 24th, 2019 11:03 PM Author: smoky immigrant No (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416) |
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Date: June 24th, 2019 10:38 PM Author: Fluffy Parlor Doctorate 25% is pushing it (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284) |
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Date: June 24th, 2019 11:07 PM Author: Free-loading water buffalo orchestra pit cr, this faggot needs to be prosecuted (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434) |
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Date: June 25th, 2019 11:39 AM Author: orchid house-broken principal's office You misunderstand this checkbox on the income certification form.
I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.
You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program. |
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Date: June 24th, 2019 10:29 PM Author: thriller people who are hurt yarmulke 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240) |
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Date: June 24th, 2019 10:36 PM Author: Henna Depressive Happy purim (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262) |
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Date: June 24th, 2019 11:04 PM Author: bonkers national security agency public bath (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422) |
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Date: June 25th, 2019 11:22 AM Author: Learning disabled rigpig state (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225) |
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Date: June 25th, 2019 11:26 AM Author: Turquoise twinkling uncleanness There are all sorts of schemes like this...its 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255) |
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Date: June 25th, 2019 11:28 AM Author: Dun Vigorous Jap Bookmarking for later (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264) |
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Date: July 28th, 2019 3:30 PM Author: orchid house-broken principal's office They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667
Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol. |
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Date: July 28th, 2019 4:25 PM Author: Marvelous bawdyhouse internal respiration (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728) |